Ammon News - Gold eased on Thursday as investors booked profits after bullion hit an all-time high earlier, with U.S. restrictions on chip sales to China and continued tariff uncertainty boosting bullion's safe-haven demand.

Spot gold shed 0.1% to $3,338.81 an ounce, as of 0436 GMT, after touching a record high of $3,357.40 earlier in the session. Bullion has gained more than 3% so far this week.

U.S. gold futures firmed 0.1% to $3,351.

"Everything is going gold's way, propelling prices to fresh highs.

The dollar index hovered near a three-year low hit last week, making gold more attractive for other currency holders.

Gold, traditionally seen as a hedge against political and economic uncertainty and inflation, has risen more than 27% so far this year.
"We maintain our bullish stance on gold, though a pull-back towards $3,050 per ounce looks possible after a recent swift price rally," analysts at ANZ said.

Spot silver dropped 0.6% to $32.54 an ounce, platinum shed 0.4% to $963.15, and palladium fell 1.4% to $958.24. Reuters